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President Obama has stoked controversy after he suggested to an audience of Argentinian youth that there was no great difference between communism and capitalism and that they should just “choose from what works”.

Obama responded to a question about nonprofit community organizations and the necessity of attracting funding from both the public and private sectors.

“So often in the past there has been a division between left and right, between capitalists and communists or socialists, and especially in the Americas, that’s been a big debate,” Obama said.

“Those are interesting intellectual arguments, but I think for your generation, you should be practical and just choose from what works. You don’t have to worry about whether it really fits into socialist theory or capitalist theory. You should just decide what works,” he added.